XTI Aerospace (XTIA) said Tuesday it will implement a 1-for-250 stock consolidation to meet a Nasdaq listing requirement.
The company said its shares will begin trading on a split-adjusted basis on Jan. 10.
The move is meant to help the company meet Nasdaq's minimum bid price requirement for continued listing.
XTIA shares were up over 16% in recent trading.
Price: 0.10, Change: +0.01, Percent Change: +15.91
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